Wake up now from a Dutch disease stupor

Our politicians have not grasped the enormity of the huge gas discoveries in the US or the end of the mining boom. They must wake up and the dollar must come down.

It is almost exactly six months since I wrote the benchmark commentary alerting the country that our mining investment boom was coming to an end (A mining boom cut-off is coming, May 21).

A few weeks earlier with Alex Liddington-Cox, I also raised the alert as to the significance of the great US gas discoveries (Global tremors from a US gas explosion, May 4) but at that stage I did not realise how big the discoveries were.



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